Global Economy Prepares for Second Year of Trump’s Trade, Tariff Plans

The Supreme Court, China, and India could headline the president’s trade agenda in 2026, along with the U.S.-Mexico-Canada deal.
Global Economy Prepares for Second Year of Trump’s Trade, Tariff Plans
President Trump announces new tariffs in the White House Rose Garden on April 2, 2025. Mark Schiefelbein/AP Photo
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Following a year marked by sharp swings and uncertainty, the global economy enters the second year of President Donald Trump’s sweeping tariff plans.

Since returning to the White House in January, the current administration has imposed sectoral and reciprocal tariffs on U.S. trading partners in an effort to dismantle tariff and non-monetary trade barriers.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."